Tag:
Life Insurance Policies
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Latest Headlines
Wachovia's life insurance policies lead to huge loss
We've all been talking about writedowns for leveraged loans, subprime-related securities, and heck even plain loan losses. But life insurance policies? Huh? About $315 million of Wachovia 's first-quarter loss of $708 million was due to writedowns stemming from a revaluation of the life insura
